The best "low rate unsecured loan" will come from a bank that you have long been a good customer at. If you show growth in your accounts, no losses from bounced checks, no credit problems from missing, late, or insufficient payments, steadily growing savings--a bank that has that kind of experience (key word, experience) with you will be happy to offer you a signature loan with really good, low rates. The further you fall from this ideal, the more expense and exclusive your bank and other banks will become. With that experience, then you will be asked for more, more in interest payments, more in assets and promises to cover your loan (securing it) should you default. One size does not fit all in this. Try credit unions--but they will give their best terms and rates for those who have been good customers for a while, folks just opening accounts after walking in off the street don't get the really good deals. It all starts with a good track record, and falls from there. Good luck.
2006-09-18 08:31:39
·
answer #1
·
answered by Rabbit 7
·
1⤊
1⤋